China-Pakistan embroiled in major disagreement over CPEC funding

Serious disagreements have surfaced between the two countries over the Main Line 1 (ML-1) railway project. China is expected to lend $6 billion of this, which Pakistan wants to borrow at a concessional interest rate of less than 3%. But China is reluctant to lend money for ML-1 as it fears that local politics will delay returns on investment for China.

from News-Economic Times https://ift.tt/3p6qTTg

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